SPOTIFY TECHNOLOGY SA (SPOT) Stock Technical Analysis
NYSE:SPOT - New York Stock Exchange, Inc. - LU1778762911 - Common Stock
Overall SPOT gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SPOT is showing a nice and steady performance.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, SPOT did better than 95% of all other stocks. On top of that, SPOT also shows a nice and consistent pattern of rising prices.
SPOT is one of the better performing stocks in the Entertainment industry, it outperforms 92% of 71 stocks in the same industry.
SPOT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month SPOT has a been trading in the 443.21 - 500.86 range, which is quite wide. It is currently trading near the high of this range.
SPOT has an average volume of 2834720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SPOT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 474.83, a Stop Loss order could be placed below this zone.
More info and screens
391.63
507.41
3 important support areas can be observed.
- A support zone ranging from 465.17 to 474.83. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 446.10 to 456.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @395.59 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 498.64 to 502.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.57
Mansfield2.96
10 Day High500.86
10 Day Low451.43
20 Day High500.86
20 Day Low443.21
52 Week High506.47
52 Week Low213.31
Performance
1 Week6.32%
2 Weeks4.46%
1 Month8.66%
3 Month28.58%
6 Month51.46%
12 Month127.5%
2 Year332.5%
3 Year148.4%
5 Year245.02%
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)2.45
RSI(14)59.54
LBB441.13
UBB497.73
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 502.40 | 465.16 | 37.24 (7.41%) | 13.49% |
| An entry @502.40. This is a Buy Stop order right above the resistance zone. | An exit @465.16. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 37.24 points, which is 7.41%. | For a 1.00% total portfolio risk, you can invest 13.49% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
SPOTIFY TECHNOLOGY SA
NYSE:SPOT (1/21/2025, 8:04:00 PM)
Premarket: 504 +16.49 (+3.38%)487.51
+1.98 (+0.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg0.41%
1 Week6.32%
2 Weeks4.46%
1 Month8.66%
3 Month28.58%
6 Month51.46%
12 Month127.5%
2 Year332.5%
3 Year148.4%
5 Year245.02%
10 YearN/A
15 YearN/A
Volatility
ATR(14)16.15
ATR(20)%3%
ATR Inc18.86%
Range Today24.34
ADR(20)13.65
ADR(20)%2.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.57
Mansfield2.96
10 Day High500.86
10 Day Low451.43
20 Day High500.86
20 Day Low443.21
52 Week High506.47
52 Week Low213.31
CS1 End474.83
CR1 Start498.64
Volume & EV
DER(3)1.03%
DER(5)0.23%
Volume2.13M
Volume Incr9.59%
Vol(5)1.75M
Vol(50)2.83M